Andy Woods

Andy Woods

Andy has been in radio for over 40 years gracing the airwaves on rock, top 40 and country stations across the country and shows no signs of stopping....Full Bio

 

Your $1400 stimulus could be seized by debt collectors

Some could see the next round of stimulus money in their bank accounts via direct deposit this weekend...but it could be snagged even before it gets there if you have unpaid debts. The first two stimulus payments were exempt from this, but the third will not be. Here's the reasoning for this according to FoxNews:

That's because congressional Democrats passed the legislation using a process known as budget reconciliation, which allowed them to circumvent a filibuster by Senate Republicans. Consumer and banking groups, including the American Bankers Association, are urging lawmakers to pass a standalone bill and close the loophole that will allow creditors to take the money.

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